Andeavor Logistics (ANDX) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

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Andeavor Logistics (NYSE:ANDX) released its quarterly earnings results on Thursday. The oil and gas company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.07), MarketWatch Earnings reports. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $647.48 million. Andeavor Logistics had a net margin of 26.47% and a return on equity of 19.28%. The firm’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS.

Shares of NYSE ANDX opened at $33.79 on Friday. Andeavor Logistics has a 52-week low of $31.49 and a 52-week high of $50.82. The stock has a market capitalization of $8.32 billion, a PE ratio of 13.15, a P/E/G ratio of 1.52 and a beta of 1.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 4th. This represents a $4.12 annualized dividend and a dividend yield of 12.19%. Andeavor Logistics’s dividend payout ratio (DPR) is 160.31%.

Several research firms recently commented on ANDX. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine lowered shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. TheStreet lowered shares of Andeavor Logistics from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. SunTrust Banks lowered shares of Andeavor Logistics from a “buy” rating to a “hold” rating and dropped their target price for the company from $52.00 to $41.00 in a research report on Tuesday, November 13th. Finally, Royal Bank of Canada dropped their target price on shares of Andeavor Logistics from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.93.

In related news, Director Jeff A. Stevens sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $38.44, for a total transaction of $961,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Andeavor Logistics by 1.3% during the fourth quarter. BlackRock Inc. now owns 259,304 shares of the oil and gas company’s stock worth $8,425,000 after acquiring an additional 3,293 shares during the last quarter. Summit Financial LLC acquired a new position in Andeavor Logistics during the fourth quarter worth about $531,000. First Trust Advisors LP boosted its position in Andeavor Logistics by 17.7% during the fourth quarter. First Trust Advisors LP now owns 143,694 shares of the oil and gas company’s stock worth $4,669,000 after acquiring an additional 21,638 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Andeavor Logistics during the fourth quarter worth about $171,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Andeavor Logistics by 469.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 87,198 shares of the oil and gas company’s stock worth $2,833,000 after acquiring an additional 71,898 shares during the last quarter. Hedge funds and other institutional investors own 32.64% of the company’s stock.

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About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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Earnings History for Andeavor Logistics (NYSE:ANDX)

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